Tire prices set to increase

by Truck News

TORONTO, Ont. – Tire prices could be on the upswing due to an increase in the price of raw materials, some manufacturers are warning.

Michelin North America announced prices for tires, including heavy truck tires, will increase up to 8% in the US, Canada and Mexico. Michelin notes it is its first price increase since 2012, “comprising net effects of raw material prices as well as the company’s market-leading technology enhancements, innovations and other market conditions.”

Yokohama also announced its tires will increase up to 7% effective Apr. 1

“This pricing action is necessitated by the high cost of raw materials and freight expenses that have impacted us in 2016 and will continue to be a factor in the business,” said Rick Phillips, Yokohama Tire vice-president of sales. “As always, Yokohama will continue to bring the best product to market at competitive prices.”

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  • Interestingly, prices of tires did not plummet with the cost of said raw materials. The story there was “there are many other factors outside of the costs of raw materials to consider.”

    When people tell me trucking has been commiditized I tend to disagree… This proves we are not quite good enough to be in the commodity game just yet. We are still stuck in the middle, being squeezed by shippers and suppliers.

    Good thing we are more pliable than the rubber we roll on.

  • Interesting Oil and Carbon prices are down from where they were in 2012 when they say they had their last price increase. Tires are like taxes in the trucking industry so smile and take it I guess